There aren't many social programs in the U.S. that have had as much of a positive impact as Social Security retirement benefits. Since 1961, the earliest anyone can claim Social Security retirement benefits is age 62.

Seniors get a choice as to when to file for Social Security. You’re allowed to sign up at any point once you turn 62. And if you wait until full retirement age (FRA), you’ll get your complete monthly benefit without a reduction.

Ken and Rick discuss the pros and cons of retiring early and how this can affect social security benefits and taxes.